Wealth Enhancement Advisory Services LLC Cuts Holdings in ING Group, N.V. (NYSE:ING)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of ING Group, N.V. (NYSE:ING - Free Report) by 49.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,508 shares of the financial services provider's stock after selling 82,169 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ING Group were worth $1,656,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ING. Redwood Investments LLC purchased a new stake in ING Group during the 4th quarter worth about $41,000. IFP Advisors Inc increased its holdings in ING Group by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock worth $48,000 after purchasing an additional 621 shares during the period. SRS Capital Advisors Inc. increased its holdings in ING Group by 20.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider's stock worth $62,000 after purchasing an additional 665 shares during the period. Sage Mountain Advisors LLC acquired a new position in shares of ING Group during the 4th quarter worth about $157,000. Finally, Keel Point LLC acquired a new position in shares of ING Group during the 4th quarter worth about $157,000. Hedge funds and other institutional investors own 4.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ING. The Goldman Sachs Group upgraded ING Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 27th. Cfra Research raised ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ING Group has an average rating of "Moderate Buy".

ING Group Trading Up 2.4%

Shares of ING opened at $22.00 on Monday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick ratio of 1.12. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $22.07. The stock's 50-day moving average is $20.71 and its two-hundred day moving average is $18.59. The stock has a market cap of $76.94 billion, a PE ratio of 10.42, a P/E/G ratio of 2.09 and a beta of 1.13.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). ING Group had a return on equity of 11.68% and a net margin of 27.70%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. Equities analysts forecast that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

About ING Group

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.

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